𝐔𝐬𝐢𝐧𝐠 𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐰𝐚𝐢𝐯𝐞𝐫𝐬 𝐚𝐬 𝐚 𝐭𝐚𝐱 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐭𝐨𝐨𝐥

If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are not. However, several points need careful consideration. When a private limited company is incorporated, it is usual for the issued shares to be created as ordinary shares divided into set …

𝐔𝐬𝐢𝐧𝐠 𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝 𝐰𝐚𝐢𝐯𝐞𝐫𝐬 𝐚𝐬 𝐚 𝐭𝐚𝐱 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐭𝐨𝐨𝐥 Read More »

𝐓𝐢𝐦𝐞 𝐬𝐚𝐥𝐞 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐡𝐢𝐠𝐡𝐞𝐫 𝐚𝐧𝐧𝐮𝐚𝐥 𝐞𝐱𝐞𝐦𝐩𝐭 𝐚𝐦𝐨𝐮𝐧𝐭

A gain on the sale of an investment property, such as a buy-to-let or second home, will be liable to capital gains tax to the extent that it is sheltered by losses or the annual exempt amount. The annual exempt amount is like a personal allowance for capital gains tax purposes and allows individuals to …

𝐓𝐢𝐦𝐞 𝐬𝐚𝐥𝐞 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐡𝐢𝐠𝐡𝐞𝐫 𝐚𝐧𝐧𝐮𝐚𝐥 𝐞𝐱𝐞𝐦𝐩𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 Read More »

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞

The trading allowance is a tax relief mechanism that allows individuals to earn up to £1,000 from self-employment or casual services (e.g., gardening, babysitting) without having to pay tax or report it to HMRC. This allowance is also applicable for income from selling items on platforms like eBay and Depop. Key Points of the Trading …

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐀𝐥𝐥𝐨𝐰𝐚𝐧𝐜𝐞 Read More »